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SCHEDULE I
STAMP-DUTY ON INSTRUMENTS
[See section 3]
Description of Instrument Proper Stamp-duty
(1) (2)
1. ACKNOWLEDGEMENT of a debt exceeding twenty One anna.
rupees in amount or value, written or signed by, or on
behalf of, a debtor in order to supply evidence of such
debt in any book (other than a banker's pass-book) or on
a separate piece of paper when such book or paper is left
in the creditor's possession:
Provided that such acknowledgement does not contain
any promise to pay the debt or any stipulation to pay
interest or to deliver any goods or other property.
2. ADMINISTRATION-BOND, including a bond given
under section 256 of the Indian Succession Act, 1865 (10
of 1865), section 6 of the Government Savings Banks
Act, 1873 (5 of 1873), section 78 of the Probate and
Administration Act, 1881 (5 of 1881), or section 9 or
section 10 of the Succession Certificate Act, 1889 (7
of1889)—
(a) where the amount does not exceed Rs. 1,000. The same duty as a Bond (No. 15) for
such amount.
(b) in any other case Five rupees
3. ADOPTION-DEED, that is to say, any instrument (other Ten rupees.
than a will) recording an adoption or conferring or
purporting to confer an authority to adopt.
ADVOCATE, See ENTRY AS AN ADVOCATE (No.
30)

4. AFFIDAVIT, including an affirmation or declaration in One rupee

the case of persons by law allowed to affirm or declare
instead of swearing.
Exemptions
Affidavit or declaration in writing when made—
(a) as a condition of enrolment under the Indian
Army Act, 1911 (8 of 1911), or the Indian Air
Force Act, 1932 (14 of 1932);
(b) for the immediate purpose of being filed or
used in any Court or before the officer of any
Court; or

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(c) for the sole purpose of enabling any person to

receive any pension or charitable allowance.
5. AGREEMENT OR MEMORANDUM OF
AGREEMENT
(a) if relating to the sale of a bill of exchange; Two annas.

(b) if relating to the sale of a Government security Subject to a maximum of ten rupees,
or share in an incorporated company or other one anna for every Rs. 10,000 or part
body corporate; thereof of the value of the security or
share.
(c) if not otherwise provided for Eight annas.
Exemptions
Agreement or memorandum of agreement—
(a) for or relating to the sale of goods or
merchandise exclusively, not being a NOTE
OR MEMORANDUM chargeable under No.
43;
(b) made in the form of tenders to the Central
Government for or relating to any loan;
AGREEMENT TO LEASE. See LEASE (NO. 35).
6. AGREEMENT RELATING TO DEPOSIT OF TITLE-
DEEDS, PAWN OR PLEDGE, that is to say, any
instrument evidencing an agreement relating to—
(1) the deposit of title-deeds or instruments
constituting or being evidence of the title to
any property whatever (other than a marketable
security); or
(2) the pawn or pledge of movable pro- perty,
where such deposit, pawn or pledge has been made by
way of security for the repayment of money advanced or
to be advanced by way of loan or an existing or future
debt—

(a) if such loan or debt is repayable on demand or The same duty as a Bill of Exchange
more than three months from the date of the [No. 13(b)] for the amount secured.
instrument evidencing the agreement;
(b) if such loan or debt is repayable not more than Half the duty payable on a Bill of
three months from the date of such instrument. Exchange [No. 13(b)] for the amount
Exemption secured.
Instrument of pawn or pledge of goods if unattested.
7. APPOINTMENT IN EXECUTION OF A POWER, Fifteen Rupees.
whether of trustees or of property, movable or
immovable, where made by any writing not being a will.
8. APPRAISEMENT OR VALUATION made otherwise
than under an order of the Court in the course of a suit—
(a) where the amount does not exceed Rs. 1,000 The same duty as a Bond (No. 15) for
such amount.
(b) in any other case. Five rupees.
Exemptions

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(a) Appraisement or valuation made for the

information of one party only, and not being in
any manner obligatory between parties either
by agreement or operation of law.
(b) Appraisement of crops for the purpose of
ascertaining the amount to be given to a
landlord as rent.
9. APPRENTICESHIP DEED, including every writing Five Rupees.
relating to the service or tuition of any apprentice, clerk
or servant, placed with any master to learn any
profession, trade or employment, not being ARTICLES
OF CLERKSHIP (No. 11)
Exemption
Instruments of apprenticeship executed by a Magistrate
under the Apprentices Act, 1850 (19 of 1850), or by
which a person is apprenticed by or at the charge of any
public charity.

10. ARTICLES OF ASSOCIATION OF A COMPANY. Twenty-five rupees.

Exemption
Articles of any Association not formed for profit and
registered under section 26 of the Indian Companies
Act, 1882 (6 of 1882).
See also MEMORANDUM OF ASSOCIATION OF A
COMPANY (No. 39).
11. ARTICLES OF CLERKSHIP or contract whereby any Two hundred and fifty rupees.
person first becomes bound to serve as a clerk in order to
his admission as an attorney in any High Court.
ASSIGNMENT. See CONVEYANCE (No. 23),
TRANSFER (No. 62), and TRANSFER OF LEASE
(No. 63), as the case may be. ATTORNEY. See ENTRY
AS AN ATTORNEY (No.30) and POWER-OF-
ATTORNEY (No. 48).
AUTHORITY TO ADOPT. See ADOPTION-DEED
(No. 3).
12. AWARD, that is to say, any decision in writing by an
arbitrator or umpire, not being an award directing a
partition, on a reference made otherwise than by an order
of the Court in the course of a suit—
(a) where the amount of value of the property to The same duty as a Bond (No. 15) for
which the award relates as set forth in such such amount.
award does not exceed Rs. 1,000;
(b) In any other case Five rupees.
Exemption
Award under the Bombay District Municipal Act, 1873
(Bom. Act VI of 1873), section 81, or the Bombay
Hereditary Offices Act, 1874 (Bom. Act III of 1874),
section 18.
13. BILL OF EXCHANGE [as defined by section 2(2) not
being a BOND, bank-note or currency note—

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(a) ** ** **
[(b) where payable otherwise than on demand—

(i) where payable not more than three [Thirty paise].

months after date or sight—
if the amount of the bill or note does
not exceed Rs. 500;

if it exceeds Rs. 500 but does not [Sixty paise].

exceed Rs. 1,000;

and for every additional Rs. 1,000 or [Sixty paise].

part thereof in excess of Rs. 1,000;

(ii) where payable more than three months

but not more than six months after
date or sight—

if the amount of the bill or note does [Sixty paise].

not exceed Rs. 500;

if it exceeds Rs. 500 but does not [One rupee twenty paise].
exceed Rs. 1,000;

and for every additional Rs. 1,000 or [One rupee twenty paise].
part thereof in excess of Rs. 1,000;
(iii) where payable more than six months
but not more than nine months after
date or sight—

if the amount of the bill or note does [Ninety paise].

not exceed Rs. 500;

if it exceeds Rs. 500 but does not [One rupee eighty paise].
exceed Rs. 1,000;
and for every additional Rs. 1,000 or [One rupee eighty paise].
part thereof in excess of Rs. 1,000;
(iv) where payable more than nine months
but not more than one year after date
or sight—

if the amount of the bill or note does [One rupee twenty five paise].
not exceed Rs. 500; [Two rupees fifty paise].
if it exceeds Rs. 500 but does not
exceed Rs. 1,000;

and for every additional Rs. 1,000 or [Two rupees fifty paise].
part thereof in excess of Rs. 1,000;
(c) where payable at more than one year after date
or sight—

if the amount of the bill or note does not [Two rupees fifty paise].
exceed Rs. 500;

if it exceeds Rs. 500 but does not exceed Rs. [Five rupees].
1,000;

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and for every additional Rs. 1,000 or part [Five rupees].]

thereof in excess of Rs. 1,000.
14. BILL OF LADING (including a through bill of lading). [One rupee].
Exemptions N.B.-If a bill of lading drawn in parts,
(a) Bill of lading when the goods therein described the proper stamp therefor must be
borne by each one of the set.
are received at a place within the limits of any
port as defined under the Indian Ports Act,
1889 (10 of 1889), and are to be delivered at
another place within the limits of the same
port;

(b) Bill of lading when executed out of [India] and

relating to property to be delivered in [India].
15. BOND [as defined by section 2(5) not being a
DEBENTURE (No. 27) and not being otherwise
provided for by this Act, or by the Court-fees Act, 1870
(7 of 1870)—
where the amount or value secured does not exceed Rs. Two annas
10.
where it exceeds Rs. 10 and does not exceed Rs. 50 Four annas

Ditto 50 ditto 100 Eight annas

Ditto 100 ditto 200 One rupee.
Ditto 200 ditto 300 One rupee eight annas.
Ditto 300 ditto 400 Two rupees.
Ditto 400 ditto 500 Two rupees eight annas.
Ditto 500 ditto 600 Three rupees.
Ditto 600 ditto 700 Three rupees eight annas
Ditto 700 ditto 800 Four rupees.
Ditto 800 ditto 900 Four rupees eight annas.
Ditto 900 ditto 1000 Five rupees.

and for every Rs. 500 or part thereof in excess of Rs. Two rupees eight annas.
1,000
See ADMINISTRATION BOND (NO. 2), BOTTOMRY
BOND (NO. 16), CUSTOMS BOND (NO.26),
INDEMNITY BOND (NO. 34), RESPONDENTIA
BOND (NO. 56), SECURITY BOND (NO. 57).
Exemptions
Bond, when executed by—
(a) headmen nominated under rules framed in
accordance with the Bengal Irrigation Act,
1876 (Ben. Act III of 1876), section 99, for the
due performance of their duties under that Act;
(b) any person for the purpose of guaranteeing that
the local income derived from private
subscriptions to a charitable dispensary or
hospital or any other object of public utility

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shall not be less than a specified sum per

mensem.
16. BOTTOMRY BOND, that is to say, any instrument The same duty as a Bond (No. 15) for
whereby the master of a seagoing ship borrows money on the same amount.
the security of the ship to enable him to preserve the ship
or prosecute her voyage.
17. CANCELLATION—Instrument of (including any Five rupees.
instrument by which any instrument previously executed
is cancelled), if attested and not otherwise provided for.
See also RELEASE (NO. 55), REVOCATION OF
SETTLEMENT (NO. 58B), SURRENDER OF LEASE
(NO.61), REVOCATION OF TRUST (NO. 64B).
18. CERTIFICATE OF SALE (in respect of each property
put up as a separate lot and sold) granted to the purchaser
of any property sold by public auction by a Civil or
Revenue Court, or Collector or other Revenue-Officer—
(a) where the purchase-money does not exceed Rs. 10; Two annas.
(b) where the purchase-money exceeds Rs. 10 but does Four annas.
not exceed Rs. 25;
(c) in any other case The same duty as a Conveyance (No.
23) for a consideration equal to the
amount of the purchase money only.
19. CERTIFICATE OR OTHER DOCUMENT [(except the Two annas.
certificate or other document covered under Articles 27
and 56A)] evidencing the right or title of the holder
thereof, or any other person, either to any shares, scrip
or stock in or of any incorporated company or other
body corporate, or to become proprietor of shares, scrip
or stock in or of any such company or body.
[***]

20. CHARTER-PARTY, that is to say, any ins- trument One rupee.

(except an agreement for the hire of a tug-steamer)
whereby a vessel or some specified principal part thereof
is let for the specified purposes of the charterer, whether
it includes a penalty clause or not.
21. ** ** **
22. COMPOSITION-DEED, that is to say, any instrument Ten rupees.
executed by a debtor whereby he conveys his property for
the benefit of his creditors, or whereby payment of a
composition or dividend on their debts is secured to the
creditors, or whereby provisions is made for the
continuance of the debtor's business, under the
supervision of inspectors or under letters of licence, for
the benefit of his creditors.
23. CONVEYANCE [as defined by section 2(10)], not being
a TRANSFER charged or exempted under No. 62,—
where the amount or value of the consideration for such Eight annas.
conveyance as set forth therein does not exceed Rs. 50;
where it exceeds Rs. 50 but does not exceed Rs. 100. One rupee.
Ditto 100 ditto 200 Two rupees.

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Ditto 200 ditto 300 Three rupees.

Ditto 300 ditto 400 Four rupees.
Ditto 400 ditto 500 Five rupees.
Ditto 500 ditto 600 Six rupees.
Ditto 600 ditto 700 Seven rupees.
Ditto 700 ditto 800 Eight rupees.
Ditto 800 ditto 900 Nine rupees.
Ditto 900 ditto 1000 Ten rupees.
and for every Rs. 500 or part thereof in excess of Rs. Five rupees.
1,000
Exemptions
[(a)] Assignment of copyright by entry made under
the Indian Copyright Act, 1847 (20 of 1847),
section 5.
[(b) For the purpose of this article, the portion of
duty paid in respect of a document falling
under article No. 23A shall be excluded while
computing the duty payable in respect of a
corresponding document relating to the
completion of the transaction in any union
territory under this article.]
CO-PARTNERSHIP-DEED. See PARTNERSHIP
(No.46)
[23A. CONVEYANCE IN THE NATURE OF PART Ninety per cent of the duty as a
PERFORMANCE. Contracts for the transfer of Conveyance (No. 23).]
immovable property in the nature of part performance in
any union territory under section 53A of the Transfer of
Property Act, 1882 (4 of 1882).
24. COPY OR EXTRACT certified to be a true copy or
extract, by or by order of any public officer and not
chargeable under the law for the time being in force
relating to court-fees-
(i) if the original was not chargeable with duty or Eight annas
if the duty with which it was chargeable does
not exceed one rupee;
(ii) in any other case. One rupee.
Exemptions
(a) Copy of any paper which a public officer is
expressly required by law to make or furnish
for record in any public office or for any public
purpose.
(b) Copy of, or extract from, any register relating
to births, baptisms, namings, dedications,
marriages, divorces, deaths or burials.
25. COUNTERPART OR DUPLICATE of any instrument
chargeable with duty and in respect of which the proper
duty has been paid,—

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(a) if the duty with which the original instrument The same duty as is payable on the
is chargeable does not exceed one rupee; original.

(b) in any other case. One rupee.

Exemption
Counterpart of any lease granted to a cultivator, when
such lease is exempted from duty.
26. CUSTOMS BOND—
(a) where the amount does not exceed Rs. 1,000; The same duty as a bond (No. 15) for
such amount.
(b) in any other case. Five rupees.

[27. DEBENTURE—[as defined by section 2 (10A)] (See

sections 9A and 9B)
(a) in case of issue of debenture; 0.005%

(b) in case of transfer and re-issue of debenture. 0.0001%]

28. DELIVERY ORDER IN RESPECT OF GOODS One anna.
[(excluding delivery order in respect of settlement of
transactions in securities in stock exchange)], that is to
say, any instrument entitling any person therein named,
or his assigns, or the holder thereof, to the delivery of
any goods lying in any dock or port, or in any
warehouse in which goods are stored or deposited on
rent or hire, or upon any wharf, such instrument being
signed by or on behalf of the owner of such goods, upon
the sale or transfer of the property therein, when such
goods exceed in value twenty rupees.
DEPOSIT OF TITLE-DEEDS. See AGREEMENT
RELATING TO DEPOSIT OF TITLE-DEEDS, PAWN
OR PLEDGE (NO.6)
DISSOLUTION OF PARTNERSHIP. See
PARTNERSHIP (No. 46).

29. DIVORCE—Instrument of, that is to say, any One rupee

instrument by which any person effects the dissolution
of his marriage.
DOWER— Instrument of. See SETTLEMENT (No.
58).
DUPLICATE. See COUNTERPART (No. 25).
30. ENTRY AS AN ADVOCATE, VAKIL OR ATTORNEY
ON THE ROLL OF ANY HIGH COURT under the
Indian Bar Councils Act, 1926 (38 of 1926), or in
exercise of powers conferred on such court by Letters
Patent or by the Legal Practitioners Act, 1884 (9 of 1884)
(a) in the case of an Advocate or vakil Five hundred rupees.

(b) in the case of an Attorney Two hundred and fifty rupees.

Exemption
Entry of an advocate, vakil or attorney on the roll of any
High Court when he has previously been enrolled in a
High Court.
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31. EXCHANGE OF PROPERTY—Instrument of The same duty as a Conveyance

EXTRACT. See COPY (No. 24). (No.23) for a consideration equal to
the value of the property of greatest
value as set forth in such instrument.
32. FURTHER CHARGE— Instrument of, that is to say, any
instrument imposing a further charge on mortgaged
property—
(a) When the original mortgage is one of the The same duty as a conveyance
description referred to in clause (a) of Article (No.23) for a consideration equal to
No. 40 (that is, with possession). the amount of the further charge
secured by such instrument.
(b) when such mortgage is one of the description
referred to in clause (b) of Article No. 40 (that
is, without possession)—

(i) if at the time of execution of the The same duty as a Conveyance (No.
instrument of further charge 23) for a consideration equal to the
possession of the property is given, or total amount of the charge (including
agreed to be given under such the original mortgage and any further
instrument; charge already made) less the duty
already paid on such original mortgage
and further charge.
(ii) if possession is not so given The same duty as a Bond (No. 15) for
the amount of the further charge
secured by such instrument.
33. GIFT— Instrument of, not being a SETTLEMENT (No. The same duty as a Conveyance (No.
58) or WILL OR TRANSFER (No. 62). 23) for a consideration equal to the
HIRING AGREEMENT or agreement for service. See value of the property as set forth in
AGREEMENT (No. 5). such instrument.

34. INDEMNITY-BOND The same duty as a Security-Bond

INSPECTORSHIP-DEED See COMPOSITION-DEED (No. 57) for the same amount.
(No. 22).
INSURANCE. See POLICY OF INSURANCE (No.
47).
35. LEASE, including an under-lease or sub- lease and any
agreement to let or sub-let—
(a) where by such lease the rent is fixed and no
premium is paid or delivered—
(i) where the lease purports to be for a The same duty as a Bond (No. 15) for
term of less than one year; the whole amount payable or
deliverable under such lease.
(ii) where the lease purports to be for a The same duty as a Bond (No. 15) for
term of not less than one year but not the amount or value of the average
more than three years; annual rent reserved.

(iii) where the lease purports to be for a The same duty as a Conveyance (No.
term in excess of three years; 23) for a consideration equal to the
amount or value of the average annual
rent reserved.
(iv) where the lease does not purport to be The same duty as a Conveyance (No.
for any definite term; 23) for a consideration equal to the

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amount or value of the average annual

rent which would be paid or delivered
for the first ten years if the lease
continued so long.
(v) where the lease purports to be in The same duty as a Conveyance (No.
perpetuity;\ 23) for a consideration equal to one-
fifth of the whole amount of rents
which would be paid or delivered in
respect of the first fifty years of the
lease.
(b) where the lease is granted for a fine or The same duty as a Conveyance (No.
premium or for money advanced and where no 23) for a consideration equal to the
rent is reserved; amount or value of such fine or
premium or advance as set forth in the
lease.
(c) where the lease is granted for a fine or The same duty as a Conveyance (No.
premium or for money advanced in addition to 23) for a consideration equal to the
rent reserved. amount or value of such fine or
premium or advance as set forth in the
lease, in addition to the duty which
would have been payable on such
lease if no fine or premium or advance
had been paid or delivered:
Provided that, in any case when an
agreement to lease is stamped with the
ad valorem stamp required for a lease,
and a lease in pursuance of such
agreement is subsequently executed,
the duty on such lease shall not exceed
eight annas.
Exemptions
(a) Lease, executed in the case of a cultivator and
for the purposes of cultivation (including a
lease of trees for the production of food or
drink) without the payment or delivery of any
fine or premium, when a definite term is
expressed and such term does not exceed one
year, or when the average annual rent reserved
does not exceed one hundred rupees.
(b) ** ** **
36. [LETTER OF ALLOTMENT in respect of any loan to be Two annas.
raised by any company or proposed company.]
37. LETTER OF CREDIT, that is to say, any instrument by [One rupee].
which one person authorises another to give credit to the
person in whose favour it is drawn.
LETTER OF GUARANTEE. See AGREEMENT (No.
5)
38. LETTER OF LICENCE, that is to say, any agreement Ten rupees.
between a debtor and his creditors that the letter shall, for
a specified time, suspend their claims and allow the
debtor to carry on business at his own discretion.

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39. MEMORANDUM OF ASSOCIATION OF A

COMPANY—
(a) if accompanied by articles of association under Fifteen rupees.
section 37 of the Indian Companies Act, 1882
(6 of 1882);
(b) if not so accompanied Forty rupees.
Exemption
Memorandum of any association not formed for profit
and registered under section 26 of the Indian Companies
Act, 1882 (6 of 1882).
40. MORTGAGE-DEED, not being AN AGREEMENT
RELATING TO DEPOSIT OF TITLE-DEEDS, PAWN
OR PLEDGE (No. 6), BOTTOMRY BOND (No. 16),
MORTGAGE OF A CROP (No. 41), RESPONDENTIA
BOND (No. 56), OR SECURITY BOND (No. 57)—
(a) when possession of the property or any part of The same duty as a Conveyance
the property comprised in such deed is given (No.23) for a consideration equal to
by the mortgagor or agreed to be given; the amount secured by such deed.

(b) when possession is not given or agreed to be The same duty as a Bond (No.15) for
given as aforesaid; the amount secured by such deed.
Explanation.—A mortgagor who gives to the
mortgagee a power-of-attorney to collect rents
or a lease of the property mortgaged or part
thereof, is deemed to give possession within
the meaning of this Article.
(c) when a collateral or auxiliary or additional or
substituted security, or by way of further
assurance for the above mentioned purpose
where the principal or primary security is duly
stamped—
for every sum secured not exceeding Rs. 1,000, Eight annas
and for every Rs. 1,000 or part thereof secured Eight annas
in excess of Rs. 1,000.
Exemptions
(1) Instruments, executed by persons taking
advances under the Land Improvement Loans
Act, 1883 (19 of 1883), or the Agriculturists'
Loans Act, 1884 (12 of 1884), or by their
sureties as security for the repayment of such
advances.
(2) Letter of hypothecation accompanying a bill of
exchange.
41. MORTGAGE OF A CROP, including any instrument
evidencing an agreement to secure the repayment of a
loan made upon any mortgage of a crop, whether the crop
is or is not in existence at the time of the mortgage—
(a) when the loan is repayable not more than three
months from the date of the instrument—

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for every sum secured not exceeding Rs. 200, One anna.

and for every Rs. 200 or part thereof secured in One anna.
excess of Rs. 200;
(b) when the loan is repayable more than three
months, but not more than eighteen months,
from the date of the instrument—

for every sum secured not exceeding Rs. 100, Two annas.

and for every Rs. 100 or part thereof secured in Two annas.
excess of Rs. 100.
42. NOTARIAL ACT, that is to say, any instrument, One rupee.
endorsement, note, attestation, certificate or entry not
being a PROTEST (No. 50) made or signed by a Notary
Public in the execution of the duties of his office, or by
any other person lawfully acting as a Notary Public.
See also PROTEST OF BILL OR NOTE (No. 50).

43. NOTE OF MEMORANDUM, sent by a Broker or Agent

to his principal intimating the purchase or sale on account
of such principal—
(a) of any goods exceeding in value twenty rupees; Two annas.
(b) of any stock or marketable security exceeding Subject to a maximum of ten rupees,
in value twenty rupees. one anna for every Rs. 10,000 or part
thereof of the value of the stock or
security.
44. NOTE OF PROTEST BY THE MASTER OF A SHIP. Eight annas.
See also PROTEST BY THE MASTER OF A SHIP
(No. 51)
ORDER FOR THE PAYMENT OF MONEY
See BILL OF EXCHANGE (No. 13)
45. PARTITION—Instrument of [as defined by section The same duty as a Bond (No. 15) for
2(15)]. the amount of the value of the
separated share or shares of the
property.
N.B.—The largest share remaining
after the property is partitioned (or, if
there are two or more shares of equal
value and not smaller than any of the
other shares, then one of such equal
shares) shall be deemed to be that
from which the other shares are
separated:
Provided always that—
(a) when an instrument of
partition containing an
agreement to divide
property in severalty is
executed and a partition is
effected in pursuance of
such agreement, the duty
chargeable upon the
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instrument effecting such

partition shall be reduced by
the amount of duty paid in
respect of the first
instrument,
but shall not be less than
eight annas;
(b) where land is held on
Revenue Settlement for a
period not exceeding thirty
years and paying the full
assessment, the value for
the purpose of duty shall be
calculated at not more than
five times the annual
revenue;
(c) where a final order for
effecting a partition passed
by any Revenue-authority
or any Civil Court, or an
award by an arbitrator
directing a partition, is
stamped with the stamp
required for an instrument
of partition, and an
instrument of partition in
pursuance of such order or
award is subsequently
executed, the duty on such
instrument shall not exceed
eight annas.
46. PARTNERSHIP—
A—INSTRUMENT OF—

(a) where the capital of the partnership does not Two rupees eight annas.
exceed Rs. 500;
(b) in any other case Ten rupees.
B-DISSOLUTION OF Five rupees.
PAWN OR PLEDGE, See AGREEMENT RELATING
TO DEPOSIT OF TITLE- DEEDS, PAWN OR PLEDGE
(No. 6).
47. POLICY OF INSURANCE—
A. SEA INSURANCE (See section 7) If drawn If drawn in duplicate,
(1) for or upon any voyage— singly for each part.

(i) where the premium or consideration does not [Five paise]. [Five paise].
exceed the rate of [***] one-eighth per centum
of the amount insured by the policy;

(ii) in any other case, in respect of every full sum [Five paise]. [Five paise].
of one thousand five hundred rupees and also
any fractional part of one thousand five
hundred rupees insured by the policy;

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(2) for time—

(iii) in respect of every full sum of one thousand
rupees and also any fractional part of one
thousand rupees insured by the policy—
where the insurance shall be made for any time not [Ten paise]. [Five paise].
exceeding six months;
where the insurance shall be made for any time exceeding [Ten paise]. [Five paise].
six months and not exceeding twelve months.
B. FIRE-INSURANCE AND OTHER CLASSES OF
INSURANCE, NOT ELSEWHERE INCLUDED IN
THIS ARTICLE, COVERING GOODS,
MERCHANDISE, PERSONAL EFFECTS, CROPS
AND OTHER PROPERTY AGAINST LOSS OR
DAMAGE—
(1) in respect of an original policy—

(i) when the sum insured does not exceed Rs. [Twenty-five paise].
5,000;
(ii) in any other case; and [Fifty paise].
(2) in respect of each receipt for any payment of a One half of the duty payable in respect
premium on any renewal of an original policy. of the original policy in addition to the
C. ACCIDENT AND SICKNESS INSURANCE— amount, if any, chargeable under No.
53.
(a) against railway accident, valid for a single [Five paise].
journey only.
Exemption
When issued to a passenger travelling by the
intermediate or the third class in any railway;
(b) in any other case—for the maximum amount [Ten paise]:
which may become payable in the case of any Provided that, in case of a policy of
single accident or sickness where such amount insurance against death by accident
does not exceed Rs. 1,000, and also where such when the annual premium payable
amount exceeds Rs. 1,000, for every Rs. 1,000 does not exceed [Rs. 2.50] per Rs.
or part thereof. 1,000, the duty on such instrument
shall be [five paise] for every Rs.
1,000 or part thereof of the maximum
amount which may become payable
under it.
CC. INSURANCE BY WAY OF INDEM- NITY against [Five paise].
liability to pay damages on account of accident to
workmen employed by or under the insurer or against
liability to pay compensation under the Workmen's
Compensation Act, 1923 (8 of 1923), for every Rs. 100 or
part thereof payable as premium.
D. LIFE INSURANCE [OR GROUP INSURANCE OR If drawn If drawn in duplicate,
OTHER INSURANCE] NOT SPECIFICALLY singly for each part
PROVIDED FOR, except such a RE-INSURANCE, as is
described in Division E of this article—
(i) for every sum insured not exceeding Rs. 250; [Ten paise] [Five paise]

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(ii) for every sum insured exceeding Rs. 250 but [Ten paise] [Five paise]
not exceeding Rs. 500;
(iii) for every sum insured exceeding Rs. 500 but [Twenty [Ten paise]
not exceeding Rs. 1,000 and also for every Rs. paise]
1,000 or part thereof in excess of Rs. 1,000.
[N.B.-If a policy of group Insurance is
renewed or otherwise modified
whereby the sum insured exceeds the
sum previously insured on which
stamp-duty has been paid, the proper
stamp must be borne on the excess
sum so insured.]
Exemption
[Policies of life insurance—
(a) granted by the Director-General of Post
Offices in accordance with the rules for Postal
Life-Insurance issued under the authority of
the Central Government; and
(b) under the Pradhan Mantri Jeevan Jyoti Bima
Yojana (PMJJBY).]
E. RE-INSURANCE BY AN INSURANCE COMPANY, One-quarter of the duty payable in
which has granted a POLICY of the nature specified in respect of the original insurance but
Division A or Division B of this Article, with another not less than [five paise] or more than
company by way of indemnity or guarantee against the [fifty paise]:
payment on the original insurance of a certain part of the [Provided that if the total amount of
sum insured thereby. duty payable is not a multiple of five
[***] paise, the total amount shall be
rounded off to the next higher
multiple of five [***] paise].
General Exemption
Letter of cover or engagement to issue a policy of
insurance:
Provided that, unless such letter or engagement bears
the stamp prescribed by this Act for such policy, nothing
shall be claimable thereunder, nor shall it be available
for any purpose, except, to compel the delivery of the
policy therein mentioned.
48. POWER OF ATTORNEY [as defined by section 2(21)],
not being a PROXY (No.52)—
(a) when executed for the sole purpose of Eight annas.
procuring the registration of one or more
documents in relation to a single transaction or
for admitting execution of one or more such
documents;
(b) when required in suits or proceedings under the Eight annas.
Presidency Small Cause Courts Act, 1882 (15
of 1882);
(c) when authorising one person or more to act in One rupee.
a single transaction other than the case

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mentioned in clause (a);

(d) when authorising not more than five persons to Five rupees.
act jointly and severally in more than one
transaction or generally;
(e) when authorising more than five but not more Ten rupees.
than ten persons to act jointly and severally in
more than one transaction or generally;
(f) when given for consideration and authorising The same duty as a Conveyance (No.
the attorney to sell any immovable property; 23) for the amount of the
consideration.
(g) in any other case. One rupee for each person
Explanation.— For the purposes of this Article more authorised.
persons than one when belonging to the same firm shall N.B.—The term "registration"
be deemed to be one person. includes every operation incidental to
registration under the Indian
Registration Act, 1877 (3 of 1877).
49. PROMISSORY NOTE [as defined by section 2(22)]—
(a) when payable on demand—
(i) when the amount or value does not [Five paise.]
exceed Rs. 250;
(ii) when the amount or value exceeds Rs. [Ten paise.]
250 but does not exceed Rs. 1,000;
(iii) in any other case. [Fifteen paise.]

[(b) where payable otherwise than on demand. One-fifth of the duty as applicable to
Bill of Exchange (No.13 of Schedule
I) for the same amount payable
otherwise than on demand.]
50. PROTEST OF BILL OR NOTE, that is to say, any One rupee.
declaration in writing made by a Notary Public, or other
person lawfully acting as such, attesting the dishonour on
a Bill of Exchange or promissory note.
51. PROTEST BY THE MASTER OF A SHIP, that is to say, One rupee.
any declaration of the particulars of her voyage drawn up
by him with a view to the adjustment of losses or the
calculation of averages, and every declaration in writing
made by him against the charterers or the consignees for
not loading or unloading the ship, when such declaration
is attested or certified by a Notary Public or other person
lawfully acting as such.
See also NOTE OF PROTEST BY THE MASTER OF A
SHIP (No. 44).
52. PROXY empowering any person to vote at any one [Fifteen paise.]
election of the members of a district or local board or of a
body of municipal commissioners, or at any one meeting
of (a) members of an incorporated company or other
body corporate whose stock or funds is or are divided
into shares and transferable, (b) a local authority, or (c)
proprietors, members or contributors to the funds of any
institution.
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53. RECEIPT [as defined by section 2(23)] for any money [One rupee.]
or other property the amount or value of which exceeds
[five thousand rupees].
Exemptions
Receipt—
(a) endorsed on or contained in any instrument
duly stamped, or any instrument exempted
under the proviso to section 3 (instruments
executed on behalf of the Government) or any
cheque or bill of exchange payable on demand
acknowledging the receipt of the
consideration-money therein expressed, or the
receipt of any principal-money, interest or
annuity, or other periodical payment thereby
secured;
(b) for any payment of money without
consideration;
(c) for any payment of rent by a Cultivator on
account of land assessed to Government
revenue, or [in the States of Madras, Bombay
and Andhra] [as they existed immediately
before the 1st November, 1956] of inam lands;
(d) for pay or allowances by non-commissioned or
petty officers, soldiers, sailors or airmen of [the
Indian] military, naval or air forces, when
serving in such capacity, or by mounted police
constables;
(e) given by holders of family certificates in cases
where the person from whose pay or
allowances the sum comprised in the receipt
has been assigned is a non-commissioned or
petty officer, solider, sailor or airman of [any
of the said forces], and serving in such
capacity;
(f) for pensions or allowances by persons
receiving such pensions or allowances in
respect of their service as such non-
commissioned or petty officers, soldiers,
sailors or airmen and not serving the
Government in any other capacity;
(g) given by a headman or lambardar for land
revenue or taxes collected by him;
(h) given for money or securities for money
deposited in the hands of any banker, to be
accounted for:
Provided that the same is not expressed to be received
of, or by the hands of, any other than the person to
whom the same is to be accounted for:
Provided also that this exemption shall not extend to a
receipt or acknowledgement for any sum paid or
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deposited for or upon a letter of allotment of a share, or

in respect of a call upon any scrip or share of, or in, any
incorporated company or other body corporate or such
proposed or intended company or body or in respect of a
debenture being a marketable security.
See also POLICY OF INSURANCE [No. 47B(2)].
54. RECONVEYANCE OF MORTGAGED PROPERTY—
(a) if the consideration for which the property was The same duty as a Conveyance (No.
mortgaged does not exceed Rs. 1,000; 23) for the amount of such
consideration as set forth in the
Reconveyance.
(b) in any other case Ten rupees.
55. RELEASE, that is to say, any instrument (not being such
a release as is provided for by section 23A) whereby a
person renounces a claim upon another person or against
any specified property—
(a) if the amount or value of the claim does not The same duty as a Bond (No. 15) for
exceed Rs. 1,000; such amount or value as set forth in
the Release.
(b) in any other case Five rupees.
56. RESPONDENTIA BOND, that is to say, any instrument The same duty as a bond (No. 15) for
securing a loan on the cargo laden or to be laden on the amount of the loan secured.
board a ship and making repayment contingent on the
arrival of the cargo at the port of destination.
REVOCATION OF ANY TRUST OR SETTLEMENT.
See SETTLEMENT (No. 58); TRUST (No. 64)
[56A. SECURITY OTHER THAN DEBENTURES (see sections
9A and 9B)––
(a) issue of security other than debenture; 0.005%

(b) transfer of security other than debenture on 0.015%

delivery basis;
(c) transfer of security other than debenture on 0.003%
non-delivery basis;

(d) derivatives––
(i) futures (equity and commodity) 0.002%

(ii) options (equity and commodity) 0.003%

(iii) currency and interest rate derivatives 0.0001%

(iv) other derivatives 0.002%

(e) Government securities 0%

(f) repo on corporate bonds 0.00001%]

57. SECURITY BOND OR MORTGAGE DEED, executed
by way of security for the due execution of an office, or
to account for money or other property received by virtue

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thereof or executed by a surety to secure the due

performance of a contract,—
(a) when the amount secured does not exceed Rs. The same duty as a Bond (No. 15) for
1,000; the amount secured.

(b) in any other case Five rupees.

Exemptions
Bond or other instrument, when executed—

(a) by headmen nominated under rules framed in

accordance with the Bengal Irrigation Act,
1876 (Ben. Act 3 of 1876), section 99, for the
due performance of their duties under that Act;
(b) by any person for the purpose of guaranteeing
that the local income derived from private
subscriptions to a charitable dispensary or
hospital or any other object of public utility
shall not be less than a specified sum per
mensem;
(c) under No. 3A of the rules made by the State
Government under section 70 of the Bombay
Irrigation Act, 1879;
(d) executed by persons taking advances under the
Land Improvement Loans Act, 1883 (19 of
1883), or the Agriculturists' Loans Act, 1884
(12 of 1884), or by their sureties, as security
for the repayment of such advances;
(e) executed by officers of the [Government] or
their sureties to Secure the due execution of an
office or the due accounting for money or other
property received by virtue thereof.
58. SETTLEMENT—
A.—INSTRUMENT OF (including a deed of dower). The same duty as a Bond (No. 15) for
a sum equal to the amount or value of
the property settled as set forth in
such settlement:
Provided that, where an agreement
to settle is stamped with the stamp
required for an instrument of
settlement, and an instrument of
settlement in pursuance of such
agreement is subsequently executed,
the duty on such instrument shall not
exceed eight annas.
Exemption
(a) Deed of dower executed on the occasion of a
marriage between Muhammadans
(b) ** ** **

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B. —REVOCATION OF— The same duty as a Bond (No. 15) for

See also TRUST (No. 64). a sum equal to the amount or value of
the property concerned as set forth in
the Instrument of Revocation but not
exceeding ten rupees.
59. SHARE WARRANTS to bearer issued under the Indian One and a half times the duty payable
Companies Act, 1882 (6 of 1882). on a Conveyance (No.23) for a
Exemption consideration equal to the nominal
amount of the shares specified in the
Share warrant when issued by a company in pursuance warrant.
of the Indian Companies Act, 1882 (6 of 1882), section
30, to have effect only upon payment, as composition
for that duty, to the Collector or Stamp-revenue, of—
(a) One and a half per centum of the whole
subscribed capital of the company, or

(b) if any company which has paid the said duty or

composition in full, subsequently issues an
addition to its subscribed capital– one and a
half per centum of the additional capital so
issued.
SCRIP. See CERTIFICATE (No. 19).
60. SHIPPING ORDER for or relating to the conveyance of One anna.
goods on board of any vessel.
61. SURRENDER OF LEASE—
(a) when the duty with which the lease is chargeable does The duty with which such lease is
not exceed five rupees; chargeable.
(b) in any other case........... Five rupees.
Exemption
Surrender of lease, when such lease is exempted from
duty.
62. TRANSFER (whether with or without consideration)—
(a) [***]
(b) [***]

(c) of any interest secured by a bond, mortgage-

deed or policy of insurance,—
(i) if the duty on such bond, mortgage- The duty with which such bond,
deed or policy does not exceed five mortgage-deed or policy of insurance
rupees; is chargeable.

(ii) in any other case Five rupees.

(d) of any property under the Administrator Ten rupees.

General's Act, 1874 (2 of 1874), section 31;
(e) of any trust-property without consideration Five rupees or such smaller amount as
from one trustee to another trustee or from a may be chargeable under clauses (a) to
trustee to a beneficiary (c) of this Article.
Exemptions
Transfers by endorsement—

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(a) of a bill of exchange, cheque or promissory

note;
(b) of a bill of lading, delivery order, warrant for
goods, or other mercantile document of title to
goods;
(c) of a policy of insurance;
(d) of securities of the Central Government.
See also section 8.
63. TRANSFER OF LEASE by way of assignment and not The same duty as a Conveyance (No.
by way of under-lease. 23) for a consideration equal to the
Exemption amount of the consideration for the
transfer.
Transfers of any lease exempt from duty.
64. TRUST—
A. DECLARATION OF— of, or concerning, any The same duty as a Bond (No. 15) for
property when made by any writing not being a WILL a sum equal to the amount or value of
the property concerned as set forth in
the instrument but not exceeding
fifteen rupees.
B. REVOCATION OF— of, or concerning, any The same duty as a Bond (No. 15) for
property when made by any instrument other than a a sum equal to the amount or value of
WILL. the property concerned as set forth in
See also SETTLEMENT (No. 58). VALUATION. See the instrument but not exceeding ten
APPRAISEMENT (No. 8). VAKIL. See ENTRY AS A rupees.
VAKIL (No. 30).
65. WARRANT FOR GOODS, that is to say, any instrument Four annas.
evidencing the title of any person therein named, or his
assigns, or the holder thereof, to the property in any
goods lying in or upon any dock, warehouse or wharf,
such instrument being signed or certified by or on behalf
of the person in whose custody such goods may be.

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